NAS100 Weekly Analysis 4/15
4/15 @ 7:09 pm EST
1. Beach Levels
M 7/8 17500
W 6/8 17500
D 5/8 17812.5
4H -1 17734.4
1H -1 17734.4
M30 -1 17734.4
2. Waves
Day: OS Selling
4H: OS Selling
1H: OS Buying
M30: OS Buying
3. Channels
M- Bullish; Near top
W- Bullish; Respected top heading to middle
D- Bullish; B/o downside w r/t
4H- Bearish; Below
1H- Bearish; B/o downside
M30- Bearish; Below
4. Fib
Day Buy Zone
50 @ 16240.7
61.8 @ 15738.9
4H Buy Zone
50 @ 17366.6
61.8 @17103.3
M30 Sell Zone
50 @17944.3
61.8 @17999.5
Price finally broke out of consolidation/below the 4H floor so looking for a nice move to the downside at least to our 4H buy zone or as far down as our day buy zone. Due to waves being OS on lower TF, looking for the price to pull back before continuing with the sell. Looking for price to pullback to M30 golden zone (17944 area)/ top of M30 channel. Once in that zone wait for sell confirmations before entry. Possible sell TPS after pullback @17890 @17812.5 @17734.4 @17679.
If price breaks below 17670, look for sells to @17625 @17565 @17500.
If price breaks above last high/above 18195, look for buys to @18250 @18281.3 @18335 @18415
Opinion: This analysis is for education purposes only and is just my opinion, this is not a trade idea.
1. Beach Levels
M 7/8 17500
W 6/8 17500
D 5/8 17812.5
4H -1 17734.4
1H -1 17734.4
M30 -1 17734.4
2. Waves
Day: OS Selling
4H: OS Selling
1H: OS Buying
M30: OS Buying
3. Channels
M- Bullish; Near top
W- Bullish; Respected top heading to middle
D- Bullish; B/o downside w r/t
4H- Bearish; Below
1H- Bearish; B/o downside
M30- Bearish; Below
4. Fib
Day Buy Zone
50 @ 16240.7
61.8 @ 15738.9
4H Buy Zone
50 @ 17366.6
61.8 @17103.3
M30 Sell Zone
50 @17944.3
61.8 @17999.5
Price finally broke out of consolidation/below the 4H floor so looking for a nice move to the downside at least to our 4H buy zone or as far down as our day buy zone. Due to waves being OS on lower TF, looking for the price to pull back before continuing with the sell. Looking for price to pullback to M30 golden zone (17944 area)/ top of M30 channel. Once in that zone wait for sell confirmations before entry. Possible sell TPS after pullback @17890 @17812.5 @17734.4 @17679.
If price breaks below 17670, look for sells to @17625 @17565 @17500.
If price breaks above last high/above 18195, look for buys to @18250 @18281.3 @18335 @18415
Opinion: This analysis is for education purposes only and is just my opinion, this is not a trade idea.
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